Imofolio

North East · report

Past price cycles in North East

Sale prices have fallen by 3% or more 13 times since 1992. The deepest began in July 2007.

Deepest fall
−19.7%
Recovery from the low
95 months

Prices in North East and the UK, indexed

Average sale prices, both set to 100 in April 1992.

  • North East
  • United Kingdom
  • 100 = April 1992
Show the numbers
PeriodNorth EastUnited Kingdom
Aug 2026413.6537.3
Jul 2026416.2535.5
Jun 2026411.7532.7
May 2026409.6535.7
Apr 2026405.7533.2
Mar 2026403.0528.6
Feb 2026407.6530.2
Jan 2026399.0529.0
Dec 2025403.2527.4
Nov 2025407.0532.2
Oct 2025400.7531.0
Sep 2025397.8530.4
Aug 2025400.9532.4
Jul 2025397.4529.0
Jun 2025396.3525.0
May 2025386.5519.7
Apr 2025370.7512.0
Mar 2025408.4527.4
Feb 2025392.8521.0
Jan 2025386.7521.4
Dec 2024394.6519.5
Nov 2024389.5520.5
Oct 2024388.1522.0
Sep 2024390.3521.0
Aug 2024383.0521.6
Jul 2024378.8516.5
Jun 2024379.2510.8
May 2024373.7508.8
Apr 2024366.2504.7
Mar 2024367.6502.0
Feb 2024371.3501.1
Jan 2024369.5503.7
Dec 2023377.6504.1
Nov 2023376.7508.4
Oct 2023377.0511.9
Sep 2023378.6514.2
Aug 2023385.6516.8
Jul 2023374.6514.0
Jun 2023373.2508.2
May 2023366.9506.4
Apr 2023368.2504.7
Mar 2023362.1503.5
Feb 2023369.0509.3
Jan 2023376.6513.5
Dec 2022380.2517.9
Nov 2022382.1522.1
Oct 2022383.7522.8
Sep 2022381.9522.9
Aug 2022378.9521.7
Jul 2022378.4517.4
Jun 2022369.1507.9
May 2022363.1501.9
Apr 2022360.6496.2
Mar 2022358.2490.5
Feb 2022351.5488.6
Jan 2022351.0488.1
Dec 2021350.2482.5
Nov 2021345.6480.0
Oct 2021341.6470.8
Sep 2021366.8482.9
Aug 2021342.1469.1
Jul 2021335.6455.3
Jun 2021362.3477.7
May 2021334.1453.7
Apr 2021334.5450.6
Mar 2021340.0457.5
Feb 2021334.1450.8
Jan 2021331.2449.5
Dec 2020328.3449.5
Nov 2020324.5446.1
Oct 2020318.3441.5
Sep 2020318.5437.9
Aug 2020310.8433.2
Jul 2020309.0429.0
Jun 2020306.3425.5
May 2020302.4419.7
Apr 2020291.1417.5
Mar 2020303.1421.8
Feb 2020300.0418.0
Jan 2020300.9420.4
Dec 2019305.5420.2
Nov 2019305.9420.7
Oct 2019305.5422.2
Sep 2019311.7423.3
Aug 2019310.5423.0
Jul 2019306.8421.7
Jun 2019306.0417.0
May 2019304.4415.2
Apr 2019304.4414.7
Mar 2019294.5411.7
Feb 2019294.2412.8
Jan 2019296.4413.9
Dec 2018304.1416.4
Nov 2018304.5417.3
Oct 2018308.9419.1
Sep 2018307.7419.6
Aug 2018308.0420.4
Jul 2018310.1419.1
Jun 2018302.5413.9
May 2018304.4411.2
Apr 2018303.2409.5
Mar 2018293.0405.6
Feb 2018298.7408.1
Jan 2018293.4407.0
Dec 2017307.4408.5
Nov 2017300.3406.9
Oct 2017303.8408.0
Sep 2017301.3407.7
Aug 2017306.5409.2
Jul 2017302.4407.4
Jun 2017302.6402.1
May 2017300.2398.7
Apr 2017295.1396.3
Mar 2017287.9390.2
Feb 2017293.2391.0
Jan 2017288.4390.2
Dec 2016298.5390.6
Nov 2016295.1389.9
Oct 2016293.5388.1
Sep 2016294.8389.4
Aug 2016298.0390.0
Jul 2016301.7390.0
Jun 2016299.8385.9
May 2016294.6382.3
Apr 2016289.4377.9
Mar 2016290.2376.4
Feb 2016286.1372.6
Jan 2016286.1372.5
Dec 2015292.0371.5
Nov 2015290.7370.2
Oct 2015287.1367.4
Sep 2015291.3366.9
Aug 2015292.1366.1
Jul 2015289.8362.8
Jun 2015289.6356.7
May 2015284.9354.0
Apr 2015287.3350.3
Mar 2015277.8347.2
Feb 2015280.0345.9
Jan 2015276.8345.6
Dec 2014280.7347.4
Nov 2014280.6346.6
Oct 2014280.2347.8
Sep 2014284.1348.3
Aug 2014286.6347.9
Jul 2014286.5343.9
Jun 2014286.4339.1
May 2014280.2336.2
Apr 2014279.5332.7
Mar 2014274.8325.5
Feb 2014271.2324.3
Jan 2014270.6323.0
Dec 2013274.7322.6
Nov 2013275.1319.7
Oct 2013266.7317.9
Sep 2013281.5319.2
Aug 2013284.0319.0
Jul 2013280.1316.5
Jun 2013273.2313.0
May 2013273.7310.4
Apr 2013272.5308.8
Mar 2013272.1305.8
Feb 2013264.6304.0
Jan 2013268.4304.0
Dec 2012271.4306.1
Nov 2012275.9306.8
Oct 2012276.1306.5
Sep 2012279.2308.7
Aug 2012282.9309.8
Jul 2012276.7309.4
Jun 2012277.5308.3
May 2012273.1305.3
Apr 2012274.1304.3
Mar 2012275.5300.8
Feb 2012269.0299.9
Jan 2012267.0300.7
Dec 2011272.5302.8
Nov 2011276.5304.1
Oct 2011274.6303.9
Sep 2011277.0307.3
Aug 2011276.3308.1
Jul 2011277.9307.9
Jun 2011282.7304.1
May 2011283.5303.6
Apr 2011282.2304.9
Mar 2011273.4300.3
Feb 2011276.0301.7
Jan 2011276.7303.3
Dec 2010282.8305.8
Nov 2010284.1306.4
Oct 2010294.8310.1
Sep 2010288.8313.6
Aug 2010298.1314.4
Jul 2010291.4314.4
Jun 2010292.1311.2
May 2010290.3309.7
Apr 2010291.6308.2
Mar 2010290.9304.3
Feb 2010288.2304.3
Jan 2010283.4303.6
Dec 2009295.8304.7
Nov 2009293.3302.7
Oct 2009290.9301.7
Sep 2009292.3299.7
Aug 2009289.8297.3
Jul 2009285.8294.4
Jun 2009285.5289.2
May 2009282.4286.4
Apr 2009279.4282.5
Mar 2009276.6280.0
Feb 2009276.9281.7
Jan 2009280.5285.0
Dec 2008284.2291.8
Nov 2008292.7296.3
Oct 2008294.0304.9
Sep 2008299.9311.2
Aug 2008310.8319.2
Jul 2008312.6326.0
Jun 2008320.0329.6
May 2008323.9334.0
Apr 2008321.2332.0
Mar 2008315.6331.4
Feb 2008319.0333.9
Jan 2008319.9336.8
Dec 2007327.2343.0
Nov 2007328.0343.5
Oct 2007325.9343.7
Sep 2007326.8344.5
Aug 2007327.3344.0
Jul 2007329.3342.0
Jun 2007325.2337.8
May 2007320.5334.1
Apr 2007319.1330.4
Mar 2007312.1323.8
Feb 2007309.9321.3
Jan 2007313.1320.4
Dec 2006316.7320.5
Nov 2006309.0316.6
Oct 2006311.4315.0
Sep 2006311.0313.1
Aug 2006307.0311.9
Jul 2006307.8309.3
Jun 2006305.0304.9
May 2006299.5302.0
Apr 2006298.2299.2
Mar 2006292.5292.8
Feb 2006286.2290.5
Jan 2006290.7290.0
Dec 2005290.8290.4
Nov 2005291.2288.8
Oct 2005287.4288.0
Sep 2005286.5288.6
Aug 2005290.7289.0
Jul 2005286.6287.8
Jun 2005280.2284.2
May 2005276.4281.9
Apr 2005273.1278.9
Mar 2005266.0275.0
Feb 2005261.0272.8
Jan 2005263.4273.1
Dec 2004268.2273.2
Nov 2004258.9275.3
Oct 2004265.1275.6
Sep 2004261.0273.6
Aug 2004263.9274.2
Jul 2004260.1271.0
Jun 2004251.5265.4
May 2004241.4260.8
Apr 2004235.1257.7
Mar 2004219.8246.5
Feb 2004209.1245.9
Jan 2004215.0248.3
Dec 2003211.6246.8
Nov 2003209.6242.1
Oct 2003206.4244.8
Sep 2003200.2240.6
Aug 2003199.4241.3
Jul 2003195.7237.1
Jun 2003186.1233.1
May 2003182.0232.5
Apr 2003178.6234.2
Mar 2003169.9228.7
Feb 2003161.6223.9
Jan 2003159.5226.3
Dec 2002164.2227.9
Nov 2002161.8220.6
Oct 2002156.0218.4
Sep 2002152.3216.8
Aug 2002153.6211.6
Jul 2002149.6207.0
Jun 2002144.0205.4
May 2002142.1197.3
Apr 2002137.4192.4
Mar 2002133.5189.8
Feb 2002129.9183.4
Jan 2002129.3177.0
Dec 2001132.0177.6
Nov 2001129.4177.6
Oct 2001128.1177.6
Sep 2001126.9181.2
Aug 2001130.9181.2
Jul 2001126.1181.2
Jun 2001123.5174.9
May 2001123.8174.9
Apr 2001122.2174.9
Mar 2001117.2168.8
Feb 2001115.9168.8
Jan 2001117.7168.8
Dec 2000119.0169.7
Nov 2000115.8169.7
Oct 2000116.9169.7
Sep 2000116.8164.8
Aug 2000119.8164.8
Jul 2000119.1164.8
Jun 2000115.8161.8
May 2000117.6161.8
Apr 2000116.9161.8
Mar 2000115.0153.4
Feb 2000112.8153.4
Jan 2000112.5153.4
Dec 1999114.1149.6
Nov 1999115.0149.6
Oct 1999115.7149.6
Sep 1999112.8145.8
Aug 1999112.7145.8
Jul 1999112.8145.8
Jun 1999112.6137.8
May 1999109.1137.8
Apr 1999108.8137.8
Mar 1999107.5132.2
Feb 1999103.9132.2
Jan 1999107.4132.2
Dec 1998108.7131.4
Nov 1998107.4131.4
Oct 1998107.6131.4
Sep 1998109.9132.0
Aug 1998110.0132.0
Jul 1998108.2132.0
Jun 1998108.6126.4
May 1998106.7126.4
Apr 1998106.4126.4
Mar 1998105.8120.1
Feb 1998102.8120.1
Jan 1998104.5120.1
Dec 1997104.8117.1
Nov 1997104.1117.1
Oct 1997103.9117.1
Sep 1997103.4118.0
Aug 1997105.8118.0
Jul 1997107.7118.0
Jun 1997105.4112.3
May 1997104.2112.3
Apr 1997103.9112.3
Mar 1997101.0110.0
Feb 1997100.6110.0
Jan 1997100.1110.0
Dec 1996100.7108.6
Nov 1996101.1108.6
Oct 1996100.5108.6
Sep 1996101.8106.7
Aug 1996102.5106.7
Jul 1996101.1106.7
Jun 1996101.2102.7
May 1996101.6102.7
Apr 199698.3102.7
Mar 199698.6102.6
Feb 199696.2102.6
Jan 199696.4102.6
Dec 199599.9101.1
Nov 199598.6101.1
Oct 199598.5101.1
Sep 199598.9102.5
Aug 199599.0102.5
Jul 1995102.3102.5
Jun 1995100.0101.6
May 1995102.2101.6
Apr 199599.5101.6
Mar 1995100.1100.5
Feb 1995100.6100.5
Jan 199599.4100.5
Dec 1994105.1101.4
Nov 1994105.1101.4
Oct 1994105.1101.4
Sep 1994105.1102.1
Aug 1994105.1102.1
Jul 1994105.1102.1
Jun 1994100.8100.4
May 1994100.8100.4
Apr 1994100.8100.4
Mar 1994101.699.0
Feb 1994101.699.0
Jan 1994101.699.0
Dec 1993100.497.9
Nov 1993100.497.9
Oct 1993100.497.9
Sep 1993103.199.8
Aug 1993103.199.8
Jul 1993103.199.8
Jun 1993100.897.7
May 1993100.897.7
Apr 1993100.897.7
Mar 199397.397.0
Feb 199397.397.0
Jan 199397.397.0
Dec 1992100.596.5
Nov 1992100.596.5
Oct 1992100.596.5
Sep 199295.1100.3
Aug 199295.1100.3
Jul 199295.1100.3
Jun 1992100.0100.0
May 1992100.0100.0
Apr 1992100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
June 1992July 1992−4.9%13
December 1992January 1993−3.2%13
December 1994February 1996−8.5%1416
July 1997February 1998−4.5%74
August 1998February 1999−5.6%64
August 2000November 2000−3.3%35
August 2001September 2001−3.1%13
July 2007February 2013−19.7%6795
June 2021July 2021−7.4%12
September 2021October 2021−6.9%18
October 2022March 2023−5.6%55
August 2023April 2024−5.1%85
March 2025April 2025−9.2%113

The UK House Price Index goes back to 1968 for the UK, its nations and England's regions, to 1995 for councils in England and Wales, to 2004 in Scotland and to 2005 in Northern Ireland, where it is quarterly. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for North East

Sale prices have an 80% chance of landing between £151,489 and £190,418 by August 2027.

Expected, August 2027
£170,953
Chance of a rise
64%

At the average sale price, a home costs £165,640. With 10% down and a 30-year mortgage, the payment is £764 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
13%
Payment, one income
26%

Owning and renting the average home cost about the same each month. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£790
Owning per month
£780

12.8% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
9,360
Per 1,000 residents
3.4

Figures for United Kingdom: North East has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

In 2025 the population grew by 14,188 while 7,880 homes were finished: 1.8 new residents for every new home.

New residents per new home, 2025
1.8
Population change, 2025
+14,188

5.4% of the 1,247,894 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
5.4%
Empty homes
67,590

In 2025, 3% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
3%